Principal Financial Group Inc. Sells 1,219 Shares of Spirit AeroSystems Holdings, Inc. (NYSE:SPR)

Principal Financial Group Inc. lessened its stake in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) by 14.0% during the third quarter, HoldingsChannel reports. The firm owned 7,482 shares of the aerospace company’s stock after selling 1,219 shares during the period. Principal Financial Group Inc.’s holdings in Spirit AeroSystems were worth $243,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also bought and sold shares of SPR. Waldron Private Wealth LLC bought a new position in Spirit AeroSystems during the third quarter worth about $32,000. Quest Partners LLC purchased a new stake in shares of Spirit AeroSystems during the 3rd quarter valued at approximately $49,000. Quarry LP boosted its holdings in Spirit AeroSystems by 49.0% in the 2nd quarter. Quarry LP now owns 2,285 shares of the aerospace company’s stock worth $75,000 after buying an additional 751 shares during the period. KBC Group NV grew its stake in Spirit AeroSystems by 20.1% in the 3rd quarter. KBC Group NV now owns 4,607 shares of the aerospace company’s stock valued at $150,000 after buying an additional 771 shares in the last quarter. Finally, Intech Investment Management LLC bought a new stake in Spirit AeroSystems during the 2nd quarter valued at $207,000. Hedge funds and other institutional investors own 93.59% of the company’s stock.

Spirit AeroSystems Trading Up 0.6 %

SPR stock opened at $33.26 on Tuesday. Spirit AeroSystems Holdings, Inc. has a 1-year low of $25.16 and a 1-year high of $37.08. The stock has a market cap of $3.89 billion, a price-to-earnings ratio of -2.68 and a beta of 1.81. The company’s 50 day moving average is $32.52 and its 200 day moving average is $33.28.

Spirit AeroSystems (NYSE:SPR) last issued its quarterly earnings results on Wednesday, October 23rd. The aerospace company reported ($3.03) EPS for the quarter, missing analysts’ consensus estimates of ($0.16) by ($2.87). The firm had revenue of $1.47 billion for the quarter, compared to analysts’ expectations of $1.83 billion. As a group, sell-side analysts forecast that Spirit AeroSystems Holdings, Inc. will post -12.64 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

SPR has been the subject of a number of analyst reports. TD Cowen raised Spirit AeroSystems to a “strong-buy” rating in a report on Thursday, December 19th. StockNews.com started coverage on Spirit AeroSystems in a research note on Friday. They issued a “sell” rating for the company. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $35.67.

Spirit AeroSystems Company Profile

Spirit AeroSystems Holdings, Inc engages in the design, engineering, manufacture, and marketing of commercial aerostructures worldwide. It operates through three segments: Commercial, Defense & Space, and Aftermarket. The Commercial segment offers forward, mid, and rear fuselage sections and systems, floor beams, nacelles, struts/pylons, horizontal and vertical stabilizers, flaps and slats flight control surfaces, wing structures, and wing systems.